DailyDeal has become the second deal-a-day site acquired by Google in as many months, as it seeks to expand its own service.

US-based search engine Google acquired Germany-based local retail offers website DailyDeal on Monday. Although the official amount paid has not been disclosed by either party, German national newspaper Frankfurter Allgemeine Zeitung has reported the figure as being between $150m and $200m.

Founded in 2009, DailyDeal is one of a number of websites offering daily deals for local retailers in their own countries, the most prominent site being Groupon. DailyDeal raised €7m ($9.6m) of funding, in April 2010, and website TechCrunch…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?